Question : Which amongst the following statments are true?

1. Intermediate goods have direct demand while final goods have derived demand.
2. National Income is always more than Domestic income.
3. Final goods includes only those goods which are consumed by the households or purchased by the producers for investment purposes.

Option 1: 1&2

Option 2: 2&3

Option 3: Only 3

Option 4: Only 2

Question : Which of the following statement are true as per the mechnaism given in the picture.

1. Cotton and thread are final goods whereas cloth is an intermediate good.
2. As long as, goods are under production boundry, they are intermediate goods.
3. Goods outside production boundry are consumer goods.
4. Final goods and consumer goods are different from eachother. 

Option 1: 1,2&3

Option 2: 3&4

Option 3: 1&4

Option 4: 2&3

Question : Which of the following are the part of national income?

1. Dividend received by shareholders.
2. Addition to stock during a year.
3. Services of a school teacher.
4. Profit earned by foreign companies in India.

Option 1: 1,2&3

Option 2: 2,3&4

Option 3: 1,3&4

Option 4: 1,2,3&4

Question : Which of the following is stock concept?

1. Amount of bank deposits on 31.3.2022
2. Capital
3. Balance in a bank account.

Option 1: Only 1
 

Option 2: Only 2&3
 

Option 3: 1,2&3
 

Option 4: Only 1&3

Question :

1. They have derived demand.
2. They donot loose their identitiy in the production process.
3. They have life span of years.
4. They satisfy the wants of consumers.

Option 1: 2&3

Option 2: 2&4

Option 3: 1,2&3

Option 4: 2,3&4